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GBP/USD
Yesterday, the British pound showed wide volatility, testing the target support at 1.2596 with the lower shadow of the daily candle. The Marlin oscillator remains neutral, maintaining sideways movement within the downtrend territory. Today, the price opened below the balance line, which shows that the pound's main objective is to overcome the target level of 1.2596.
This may not happen today because it is a public holiday in both the UK and the US, so we expect major events to happen when the US market opens on Monday (the UK market will open on Tuesday).
On the 4-hour chart, the price is below the balance and MACD indicator lines, but Marlin has managed to enter the growth territory.
The market will likely start a sideways movement with neutral indicators. The MACD line serves as resistance. So, today we expect the British pound to move sideways.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
